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The era of pure-play private equity is over. Banks are pulling different divisions together to serve the complex needs of global asset managers
Specialist moves after 18 years in the market
New dangers are making deals harder to do, but pricing for the haves is still tight
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Two more senior bankers at risk of redundancy -
Some banks and investors expect covenants to improve as risk rises
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New facility does not include ESG targets
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Lyle Margolis will be the new head of private credit at the rating agency
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Sanoma has syndicated a €300m revolving credit facility and €250m acquisition term loan
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Alpha Wave Private Credit will be co-managed by US asset manager Alpha Wave and Abu Dhabi’s Royal Group
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